Wilmington Rowing Center (EIN 510279251) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

Alix James

Phone

3026525239

Tax Period

2023-01-01 to 2023-12-31

Wilmington Rowing Center, founded in 1984, is a small nonprofit in the Recreation & Sports sector that reported $252K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $46K, a strong 18% operating margin.

Mission

The principal purposes of the organization are to promote and support an interest in amateur rowing (pursuant to Article III of the Certificate of Incorporation), be it recreational or competitive

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $145,249

Program Service Revenue $98,651

Investment Income $3,827

Other Revenue $4,027

TOTAL REVENUE $251,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $202,714

Other Expenses $205,957

TOTAL EXPENSES $205,957

Year-over-Year Comparison

	2023	2022	Change
Revenue	$251,754	$220,066	+0.1%
Expenses	$205,957	$180,080	+0.1%
Net Income	$45,797	$39,986	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

174

Independent Members

174

Employees

N/A

Volunteers

207

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$12,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Edmiston	Director and Youth Coach	5.00	Director	$12,500	$0	$12,500
Brooks Reinhard	Director	5.00	Director	$0	$0	$0
John Schoonover	Director	2.00	Director	$0	$0	$0
Onie Rollins	Director	3.00	Director	$0	$0	$0
Kevin Canning	Director	6.00	Director	$0	$0	$0
Karen Walsh	Director	3.00	Director	$0	$0	$0
Donna Butler	Director	3.00	Director	$0	$0	$0
John Williams	Vice President & Director	2.00	Director	$0	$0	$0
Michelle Canning	Treasurer & Director	5.00	Director	$0	$0	$0
Francis Mulshnock	Secretary & Director	2.00	Director	$0	$0	$0
Sara Cakebread	Director	1.00	Director	$0	$0	$0
Alix James	President & Director	5.00	Director	$0	$0	$0
Dennis Quinn	Director	2.00	Director	$0	$0	$0
Paige Morgan	Director	2.00	Director	$0	$0	$0
Karen Baumgartner	Director	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$251,754	$205,957	$1,440,588	$45,797
2022	$220,066	$180,080	$1,442,698	$39,986
2021	$166,386	$158,020	$1,449,150	$8,366
2020	$140,605	$151,340	$1,476,989	$-10,735
2019	$212,131	$216,210	$1,525,902	$-4,079
2018	$263,873	$225,953	$1,550,752	$37,920

Wilmington Rowing Center